China Microbiome Sequencing Services Market Size & Outlook
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China microbiome sequencing services market highlights
- The China microbiome sequencing services market generated a revenue of USD 56.0 million in 2023 and is expected to reach USD 119.7 million by 2030.
- The China market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, sequencing by synthesis was the largest revenue generating technology in 2023.
- Sequencing by synthesis is the most lucrative technology segment registering the fastest growth during the forecast period.
Microbiome sequencing services market data book summary
| Market revenue in 2023 | USD 56.0 million |
| Market revenue in 2030 | USD 119.7 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Sequencing by synthesis |
| Fastest growing segment | Sequencing by synthesis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sequencing by synthesis, Sequencing by ligation, Sanger sequencing |
| Key market players worldwide | Microbiome Insights Inc., BaseClear, Clinical Microbiomics, Mérieux NutriSciences Corporation, Mr Dna, Metabiomics, Rancho BioSciences, Second Genome, Zymo Research, uBiome |
Other key industry trends
- In terms of revenue, China accounted for 3.7% of the global microbiome sequencing services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China microbiome sequencing services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 75.0 million by 2030.
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Microbiome Sequencing Services Market Scope
Microbiome Sequencing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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China microbiome sequencing services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microbiome sequencing services market will help companies and investors design strategic landscapes.
Sequencing by synthesis was the largest segment with a revenue share of 59.29% in 2023. Horizon Databook has segmented the China microbiome sequencing services market based on sequencing by synthesis, sequencing by ligation, sanger sequencing covering the revenue growth of each sub-segment from 2018 to 2030.
The market for microbiome sequencing services is growing in China owing to increasing government support for advanced infrastructure, and presence of a large number of sequencing service providers. The other driving factor is rising collaborative research initiatives in the country and the growing interest of researchers to understand the role of microbiome sequencing in various diseases.
Also, an increasing understanding of the importance of the microbiome in human health, disease, agriculture, and the environment has driven extensive research in this field. Moreover, the growing biotechnological and pharmaceutical sector has a direct positive impact on the growth of microbiome sequencing services market.
In addition, with the development of these industries, there is increased biotechnological development in China, which has led to an increase in the market share of sequencing services in the country. Improving healthcare infrastructure and growing healthcare expenditure by pharmaceutical companies & the government are expected to drive the growth of the market.
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Target buyers of China microbiome sequencing services market databook
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Our clientele includes a mix of microbiome sequencing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China microbiome sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into China microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China microbiome sequencing services market size, by technology, 2018-2030 (US$M)
China Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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